Indian Stock Markets Open Strong on Wednesday, Sensex Up 500 Points, Nifty Crosses 24,300. Positive signals from Asian markets and Wall Street contributed to the surge.
Stock Market Today: Indian stock markets opened bly on Wednesday, April 23rd, marking a seventh consecutive day of gains. The Sensex surged over 500 points at the opening, while the Nifty crossed the 24,300 mark. Positive signals from Asian markets and Wall Street had a positive impact on the Indian market.
Sensex and Nifty Performance
The benchmark index Sensex closed Tuesday at 79,595, up 187 points (0.24%). The Nifty-50 ended its trading session at 24,167, up 41 points (0.17%). Foreign Institutional Investors (FIIs) bought shares worth ₹1,290.43 crore for the fifth consecutive day, while Domestic Institutional Investors (DIIs) sold shares worth ₹885.63 crore.
Global Market Gains
Asian markets also saw a slight recovery, driven by positive signals from Wall Street. Positive comments from the US President regarding de-escalation of trade tensions with China fueled the rally in Asian markets. Japan's Nikkei was up 1.58%, and South Korea's Kospi rose by 1.12%.
US stock markets also saw a significant rally. The S&P 500 index increased by 2.51%, while the Nasdaq and Dow Jones Industrial Average saw declines of 2.71% and 2.66% respectively.
Results from 28 Companies Expected Today
On April 23rd, major companies like L&T Technology Services, Tata Consumer Products, and Bajaj Housing Finance will announce their March quarter results. These companies will also share their performance for the full fiscal year ending March 31, 2025.
